Powered by SAP: The Premikati Marketplace for procurement sourcing

A consulting and business process outsourcing company, with solutions tailored to the procurement and supply chain space, has partnered with one of the biggest cloud-based companies in the world to provide small and medium-sized businesses (SMBs) access to enterprise-class procurement as a service.

Premikati has leveraged technology from SAP Ariba to create the Premikati Marketplace, a marketplace that will allow SMBs to access to “critical” elements needed in order to drive a simple, efficient source-to-settle process.
 

Related stories:

“Procurement with Purpose” - how SAP Ariba guides supply chain and procurement transformation

SAP to acquire Qualtrics in $8bn deal

SAP Cloud drives connected demand chains and supply chains for Intelligent Enterprises

“Small and medium-sized businesses have long wanted to take advantage of enterprise-class procurement, but they haven’t had the means,” said Marisol Buczynski Buchanan, CEO of Premikati. “Using the Premikati Marketplace, they can access millions of vetted suppliers and enterprise-class procurement tools that provide greater visibility into their spend and procurement process from end to end – all at a cost they can afford.”

What is the Premikati Marketplace?

Powered by SAP Ariba Buying and Invoicing, the Premiokati Marketplace provides an easily accessible platform to find and buy non-sourced goods from a B2B marketplace. The marketplace has “hundreds” of vetted, qualified vendors and millions of items all in one place.

The marketplace looks to tackle tail spend with a “multifaceted approach.” It is reported that 94% of tail spend comes from uncontracted suppliers and managing all of these suppliers, transactions and rushed, random, inefficient purchases means companies are losing control and visibility. Most importantly, they’re losing the opportunity to save as much as 35% of the total cost of purchases within their organisation.